Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.
Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.
It is a great way to stimulate engagement.
We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment. We can fill in from there.
We are open 24/7/365.
Stay Informed About LEO!
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Today's CTT was exceptional. A lot of good stuff coming out with the work by @brianoflondon.
The projects he is working on is really going to make Hive an integral part of the new internet.
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Lightning network is now a layer 2 for Hive.
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Yea I saw that as well. It will make things a lot easier to receive tips and nobody needs to make sure their wallet is up 24/7.
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Awesome development. Creativity never does here on Hive.
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@podking is working at making it a protocol for the internet. This is going to really establish Hive as a back end for some powerful applications.
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Now this is exciting 🙌
Glad to know that there are more people sharing their skills and talents in innovation.
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I've had some trouble getting through with the lightning Project. Have you shared your views on it? You make it easier to understand.
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@brianoflondon & @podcastindex are doing the most important work here in my opinion. Only thing I don’t agree on is I think HBD is less and less needed with these new solutions.
If I could rephrase it, then more precisely, it is "BTC is hovering around 30k zone", just to create an illusion of Bounce at "30k is inevitable", so that retailers would keep buying this just to provide the exit liquidity to the whales or the manipulators.
Source: LookintoBitcoin
The demand zone has now shifted to 21k-22k IMO. I may be wrong and this is not financial advice. The on-chain metrics even say that the whale's interest is diminishing, so these small pumps won't make a big difference, we dont have a precise bear run either, and this time it is way different than the last bear cycle of 2018. But the pattern rhymes more or less similar in terms of forming that congestion area, in 2018 the congestion area was 6k to 9k before it pushed down to the 3k zone, this time the congestion area is somewhere between 27k to 42k.
Source: Glassnode
Shorter MA- 111 Day MA, Green
Larger MA- 350 DMAx2, Pink
Further to validate this argument, look at the pi cycle top indicator, historically whenever the shorter MA reaches the levels of the larger MA, BTC is considered to be significantly overheated and is a sign of cycle top.
I am agreeing with you. The traders are still holding in for now but they won't wait forever. So they will definitely sell and pick up the trader on a lower level.
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But with the growing adoption. I had envisaged a $100k BTC by now. Would it ever be possible?
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I know 100k is possible but I don't think it will happen this cycle.
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We could be seeing a drop. You are not the only one to propose a pullback.
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Maybe, let it just dip down to $10k but not with Hive.
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Hive would indeed move with it. On a move like that hello .15 cents
I’d be buying hard 🙌
I would pull out my HBD from savings if Hive was at 15 cents.
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It would be the best opportunity :D
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I don't think it will drop to $10k but I guess I will probably see what I can move around to get more at that price.
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My trouble with tj Bitcoin dip is how it so hugely affect alts.
Would alt coins every breakaway from Bitcoin price effect?
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Not anytime soon. At least not a move like that. We usually drop 80% after every bull run so 69K high let’s round up to 70K. That’s around 17K bottom. That would be the norm. I’m not saying we are going there, just that would be the norm historically. Last time we bottomed at 3K so 17K would be a long term much higher low as 3K was to just below $200 in 2015 the prior bottom.
Wild card now we have real heavy inflation and other geopolitical issues. So who knows but it’s definitely possible.
I think the flight to BTC isn't about geopolitical issues but more about safety. Just like how the stock market sells stocks to get cash, crypto people flock to BTC when things are tough.
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Bitcoin is the safest, Makes sense.
Well you have to look at btcoin like the US stock market or the major trading indicators, when those indices fall so does everything else in the world.
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It could in the future but I don't really think it will change anytime soon. As it stands right now, BTC is the crypto with the highest market cap and everyone runs back to BTC when things are tough. Also it looks like almost every single major crypto has a BTC trading pair.
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This is also seen in other currencies, where volume flows are small, which indicates that this is the best time to buy because when the big traders return, the profit will be higher.
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Click the image for a full-size view
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We're growing. Keep the stats updates coming.
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We are now 180K from the next million iteration.
Engagement is key kids. Each comments is counted in this tracker.
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What's your take on Michael Saylor's statement?
Source
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We are hopeful and so we are patient too. As to going into millions, I'm quite conservative so I'll just say, "only time will tell" :)
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As far as HIVE is concerned, many Hivers here have already demonstrated such patience. I am not just sure when it comes to BTC.
!CTP
I feel the same way. I do believe BTC is here to stay.
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Yes, it's the future, but many are still stuck in the present. 😄😆
Can't blame them hehe. The market is harsh and that scares people.
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I think you're right. That's the advantage of experiencing a personal disaster. It removes your fear. 😆
We are so patient we are almost dead.
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🤣
I think it's possible but it will probably take over a decade to make it past a million.
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Many will be celebrating if BTC will just reach 100k USD in less than a decade. 😄
!CTP
They sure would…
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Yeah, so for these guys, waiting for more than a decade to see BTC reach millions is not difficult after all.
No, as they are in for the long term. Like we are here.
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Yes, and that's good!
I think many will be disappointed with that.
That would be a serious slowdown in price appreciation.
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Really? Then wait for the millions instead. 😆
Yea that would already be an amazing return that beats the average index fund returns. Depending on where you bought, it could be way more.
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Yes, I think so.
He is a Bitcoin maxi.
While we can never know what markets will do, it is vital to consider the fact, to get there, Bitcoin is going to have to be a major collateralization mechanism. This could be done except for the volatility problem.
There is also the lack of elasticity which makes it shitty for both collateral and medium of exchange.
Posted Using LeoFinance Beta
Major collateral and medium of exchange on the one hand and elasticity on the other, I hope to see how the market will respond to these interesting dynamics.
!PIZZA
!CTP
Pantera Capital made $170 million profit from LUNA alone. Could they have felt the collapse of LUNA before?
Pantera Capital Cashed out LUNA in Time
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Did they really buy in quite early in the days of $0.1 LUNA?
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There is a lot of misinformation about LUNA, so it's normal for new inexperienced investors to come. This deepens the collapse.
Even the fact that exchanges still list LUNA is a big problem. I'm not saying they should exclude it completely, but they could have suspended it for a certain period of time.
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Maybe LUNA appears on the Restricted List. It takes time for a security to get listed, and it takes time for a security to get delisted. When a security is under investigation in some way, it gets put on the Restricted List where trading is on it is halted. It's that way for stocks, so it could be that way from crypto at centralized exchanges.
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It's possible and I don't think many people got out in time. I think people might of thought things could be dangerous but nobody could really predict the actual timing.
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They made a profit of 170 million dollars with an investment of 1.7 million dollars. Is it possible to sell before the collapse? yes it's possible, that might be a good guess might be in good luck. But if I were a Luna investor, I would question that. Maybe there is nothing to cause a problem, but what if there is?
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The first thought that crossed my mind was they were involved with the takedown.
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Yeah, as soon as I saw that they had exited prior to the collapse, they moved to the top of the suspect list. It will be interesting to see if it comes out who attacked Luna. Was a well coordinated and funded take down.
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Suspect list? In what sense?
If Luna was backed properly this wouldn’t of happened no? Any stable coin is a waste of time. The USA government will come after all claiming to be dollar pegged and easily as anything. It’s convenient having a token or two for moving value when trading but now in 2022 it’s gotten to point where many aren’t backed at all. I don’t see how this isn’t a failure not a attack of a product that was healthy. The dollar is loosing value by the month, I just don’t understand the excitement many have for a stable coin. I understand the use case. But it seems like many now are jumping into these to earn interest and hold long. This won’t end well at all. We in my humble opinion should be getting outta the dollar snd into real crypto. Again obviously there are use cases. I’m just talking about the massive people holding for interest that is not even covering inflation. It just seems even here people are more excited that HBD is earning 20% then focusing on Hive. It won’t end well for any of these unless there backed fully and totally centralized which defeats the entire purpose of cryptocurrency.
Maybe I’m just not seeing something others are 🤷🏼♂️. But if I had to give my perfect vision here. Fork and end HBD. Pick a value and turn it into hive. I think it’s not going to end well. We can use lighting now to move Hive for bitcoin. I just especially see HBD as a easy choice to target because of the higher interest rate and no backing. It’s putting a big target on our backs. The treasury will want there tax money from the 20% and it will bring attention I don’t think people expect.
Who will the regulator send the letter to, asking Hive to stop?
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The first on the list I think would be Kwon himself, since the actions he took to try to correct the fall not only affected LUNA and UST but the entire market.
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It was also my first thought. I guess only time will tell if that is the case though.
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All these so called pegged coins will fail. at least most. The ones not backed bu much at all especially but all will be in bad position. The interest rates is what’s getting the government attention. I wish we’d end HBD all together. There’s no way it ends well. It should be about Hive alone. But outside of our home here even the literally claimed to be pegged directly ones where u can earn 8% interest, they will be crushed. Any actually decentralized will be forced off major exchanges and given the volume used on the big exchanges it won’t end well. I dunno I just don’t understand how most aren’t seeing this as likely. As of now just my opinion 🤷🏼♂️
I don't think HBD will really cause a collapse and I don't think the governments would stop targetting Hive regardless if we grew big.
I think the most they can do is take HBD off the centralized exchanges and possibly Hive. In that case, I still think it will be fine because we have a Hive and HBD pool on PolyCUB now if people need to cash out. Of course, it will mean that things will be harder to cash out though.
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HBD will never be on the big exchanges like coinbase or Gemini, but I see ur point 💯. Yea I don’t see anything I brought up destroying our platform here, I just think HBD won’t end well. I believe over time it will be proven u can’t have a pegged or “stablecoin” without backing. Hive would survive even a HBD collapse. It would be much lower for a while but I don’t see it breaking things for good. But the story of stablecoins esp unbacked ones won’t end well. It’s not backed by anything and it claims to be a pegged coin. It can’t end well. Unfortunately. For me it just seems misguided to focus so much on HBD instead of Hive like many do since the 20% interest especially.
And what do you think of Justin SUN's USDD with a very high APR?
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I wouldn’t touch it. But that’s just my opinion.
Honestly, that was the first thought that crossed my mind as well.
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There are a lot of big players floating around and this is what Wall Street does.
We need to be prepared for their attack.
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I absolutely agree with you. We need to be careful. The big players somehow end up on the winning side.
We have to be prepared for anything. Most importantly, we must manage the risk well.
Posted using LeoFinance Mobile
My thoughts as well…
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That is another interesting info. It seems there is more to this LUNA/UST fiasco
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I said that from day one. Maybe there is no problem, but I don't understand why nobody questions it.
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And now things are coming out, I wonder what else is there.
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I think there is a lot more, I even wonder what is the role of crypto exchanges in this regard.
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That will probably come out too, unless they are really good at keeping them hidden :)
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We'll wait and see.
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And pandora's box has only just been opened haha.
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It seems so. And something smells ugly :)
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I wouldn't be surprised if they were the ones behind the massive sell-off of UST and LUNA at the time of the crash.
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I actually more or less guess what happened behind this collapse, and it will all come to light in the future. A lot of things that will come out in a few months will surprise many of us. Those who follow the market will not be surprised by these.
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If you post any articles about Hive Backed Dollar, then use these two articles to link:
What are Hive Backed Dollars (HBD)? - Hive Backed Dollars Guide
Hive Backed Dollar (HBD) Is Becoming A Stablecoin
The first is one I am linking for "Hive Backed Dollar". I just realized the second is ranked on Page 1 of Google for the same keyword.
Posted Using LeoFinance Beta
Awesome. Soon, the world would be obsessed with HBD our Stablecoin. The growth on the PR is Massive.
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Why do u think HBD will be so attractive itself? If they aren’t into Hive also what’s the point? HBD is risky. I think it would be horrible for us if people came just to speculate on a interest rate who don’t care about Hive itself. It should work other way around no?
If it was for HBD only, that may be true. But HBD could be part of a larger strategy involing liquidity pools at PolyCub and later BSC and Ethereum. In this case, HBD is mutually supporting LEO and HIVE in those chains as well as here natively. I could be wrong, but that's the impression I've been getting.
If anything, the safeguards built into HBD can be tested to see how well it handles adverse situations compared with other stablecoins.
If HBD does well under those conditions, people will hear about that and give HBD more serious consideration as a vehicle for savings as well as becoming the stablecoin of choice. The concern then becomes the liquidity of HBD.
Posted Using LeoFinance Beta
I am starting to wonder if we should be checking on google for the top leofinance related sites for our topics. It could be the best place to start building those backlinks and trying to improve those posts doing well already.
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This is the way.
If you're writing about a topic that we already rank for, then link to it.
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Thank you TM, will remember that.
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Another global brand accepting crypto payment. This time it's TAG Heuer:
Source
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It's nice that these big brands are stepping up and are opening their doors to crypto payments. They might have realized the opportunity they're going to keep missing if they just sit and watch.
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As someone said the other day, many of them regretted taking BTC for granted in the past and as a result missed its previous bull run. Now, they don't want to miss this chance especially when the dominant sentiment is one of fear. The current bear sentiment is giving them such a discounted entry.
!PIZZA
That's true though. There's definitely hope for crypto to get adopted by many in the long run.
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Precisely.
!PIZZA
If we want crypto to take off, we need crypto to be used by more institutions and I think this is also a good step towards that.
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Yes, we need more of this. 😊
Little by little the massive integration is becoming more evident :D
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Yes, until the point that it will gather momentum, and then boom! 😄
!CTP
REMINDER!!!
Get all those yummy #CANDIES. It is that time of day again.
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100 secured :) Hope you got yours. Thank you :)
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You are riding the top of the mountain. Enjoy it.
Tomorrow, you are a lowly grunt.
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Haha! I do enjoy every moment. And tomorrow will be another day.
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Like riding a bronco and then getting tossed off onto the ground.
The only thing to do is to climb back up the #CANDIE mountain.
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Lol!, that hurts!
But yes, the climb to the candie mountaintop is always fun.
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Yes having our rumps land on the ground is rough. Even the padding doesnt protect.
But when it comes to conquering #CANDIES, it is all worth it. We persevere.
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Yo! You moved faster. I'm in my 40 days.
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Thanks to TM for always reminding :)
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Let me get my candies now. I forget when I don't visit here.
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Haha, I hope you got them good :)
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Task won't let me forget. :)
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Great! We don't want to forget especially when we are almost at the peak :)
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This is true 😆
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Thanks for the daily reminder. I would forget most of the time otherwise.
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I'll be stacking my 40 tody. Not forgetting anymore. Now one of the first tags I refresh when I boot my PC each day.
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Haha, the candies are addictive
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Got my 100 Candies 🥳🎉
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This is going to be a whole lot of fun.
How long until the authorities really start to lay into him. Even without crypto regulation, fraud measures are on the book.
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Oh, that's something really interesting just reading the title alone. Let me go see how bad it is!
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There are many interesting things that we do not know already.
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There are indeed and they are coming out in the open. Things are getting a lot tougher for Do Kwon and whoever is with him.
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I'm not saying they are definitely criminals, but in cases like this, the thief is usually an insider.
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We cannot avoid thinking like that. Something kinda smells bad. Now I even wonder if it is "pre-meditated"
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If they are truly determined to save Luna. They should explain everything clearly. That way they can rebuild trust, otherwise it's impossible.
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That might help. It's rather messy now that things are coming out. But even so, we'll see how they would go about it.
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It's very intriguing to see what happen as things unfold.
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As usual, these people won't suffer many consequences because they are wealthy and powerful. However, I still think there is a chance if the SEC wants to make an example out of him to push forward regulations.
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Every now and then, someone or something will take the fall or be sacrificed. The "Too Big To Fail" doctrine came to light in 2008, yet Lehman Brothers was sacrificed as an example for the world to see. The book is still open on Evergrande in China. Maybe Do Kwon with UST becomes the fall guy here.
Posted Using LeoFinance Beta
Yea I think Do Kwon will be the fall guy for this so that the governments can regulate stable coins. It's something most governments want to do anyways.
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Is this the reason why the lawyers said they weren't working for LUNA then? It really looks like there was some shady stuff going on and it could have been an inside deal.
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The vultures are looking to move in. Morgan Stanley says UST failure wont stop the technology. Institutions are looking at the technology behind algorithmic stablecoins.
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Now that is something good! At least somebody isn't wavering :)
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I guess they think they can serve the place of Terra by having the funds to back up the coins directly. I guess it could be better compared to UST and we don't have to worry about them not having enough dollars.
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Why can I not stop buying POLYCUB and turning it into xPOLYCUB?
Seems like I must be addicted to it.
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And that's a good addiction!
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I guess you don't have enough xPolyCUB yet. From what I heard on one of your videos, you plan on building until you think it's big enough.
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It's a good addiction. I think I want to learn that from you.
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Good addiction to have 🤩😉
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Is Coinbase really into Web 3.0?
Posted Using LeoFinance Beta
So Coinbase wants control of our keys. I don't like that at all. I prefer to have control over my keys.
Posted Using LeoFinance Beta
How can they call it Web 3.0 if they control the keys? 😆
They can’t. I mean they can but it’s a lie. Anyone leaving long term funds in centralized exchanges is going to loose hard. Maybe that’s needed so there’s a washout and we can recover from much lower levels and let the bad projects die. The good ones will come back stronger then ever.
But there’s so much garbage out here a washout is definitely needed. Coinbase and other centralized exchanges own what we hold there, especially if in interest earning accounts. Not to mention governments can come in with heavy power especially with “dollar pegged coins”.
Yeah, that's what I fear most in centralized exchanges, the heavy hand of the government.
The saving grace of a stablecoin-- any of them-- is the ability to be purchased at a centralized exchange with fiat money and then to be withdrawn at the off-ramp to wallets in our control. At that point (or later), the stablecoin is used at some DEX to buy what we really care about (BTC, LTC, HIVE, CUB, DOGE, LGB, etc.)
Posted Using LeoFinance Beta
When the stable coin isn’t reliable that changes everything. Just my opinion more will fail and soon
Also, when it comes to more stablecoins failing, it could end up like that Bruce Willis movie Last Man Standing (1996), itself based on A Fistful of Dollars (1967) starring Clint Eastwood, and that movie being inspired by [Yojimbo] (1961) directed by Akira Kurosawa. In every movie, it was a bloodbath.
It's just a matter of time before we discover which stablecoin gets to claim the role played by Bruce Willis or Clint Eastwood or Toshirô Mifune.
Posted Using LeoFinance Beta
A stablecoin will fluctuate within an acceptable tolerance. I think for HBD it's plus of minus 5 cents. Greater than that in either direction is a problem. HBD before the most recent hard fork was notorious for moving outside the acceptable tolerance. Since then, not as much as not as often.
Generally, I only need the stablecoin for as long as it takes for a withdrawal from a centralized exchange to clear. While there are DeFi aspects for owning stablecoins, that's why I go with Cub Finance (Hive's home-grown product on BSC).
What I want to know is if the UST Scenario can be replicated with stablecoins backed by commodities such as gold or oil. I'm thinking that would be more difficult, but few people expected UST to go belly up as it had.
Posted Using LeoFinance Beta
But none of these will put a stable coin that regularly goes below by 10% on there exchange. They have others that never drop below .99 cents
My experience with stablecoins is very limited, so I'm not as familiar with the tips, tricks, and traps as you are. What you say rings true, and I've seen others say similar things.
Maybe there needs to be a stablecoin that's a hybrid of currency/commoditiy-backed and algorithmic? Although algorithmic stablecoins are known for how often they break their pegs, maybe a hypothetical hybrid stablecoin can solve that problem? Even if it can solve that problem, how easy would it be for developers to code such a thing? At best it wouldn't be easy, and at worst it would be a nightmare to code the thing.
Posted Using LeoFinance Beta
U don’t even have keys there. It’s just a record of how much u have. They don’t have 100% of deposits most likely.
Using Web 3.0, therefore, is just a marketing ploy? Oh my! 😆
Web 3.0 is real
Coinbase being anything besides a centralized exchange that owes u nothing legally if they go under is just not part of it unless I’m missing something
I know it's real, but how about the way Coinbase uses the term? Is that also for real? Or just a marketing tactic?
I assume marketing
At least I have seen nothing telling me otherwise
Yea I think it's just a record and you probably won't even be able to withdraw the crypto either. If you do and they let you, then it will have a ton of fees.
Posted Using LeoFinance Beta
Won’t be able to withdraw?
Meaning in a collapse of confidence situation?
Could be one day for sure.
I don’t think they can charge crazy higher then normal fees without having legal problems but not getting it out regardless a much bigger issue. Hopefully more people who are in the space casually are getting educated fast on proper storage
There are no problems because there aren't any rules in the crypto space. As they say, crypto is the wild west.
Posted Using LeoFinance Beta
There are many rules for the approved centralized exchanges. The centralized end isn’t much like the Wild West at all in my opinion.
But generally I see ur point overall.
Interesting :) Gonna go read hehe. Thanks for sharing
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Some details are not easy to follow. 😄
Now I lost track of it, lol! Too much distraction in front of my eyes haha
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Marcel Pechman of cointelegraph.com found a reason for the price of BTC to be kept below 29,000 USD. Does this make sense to you?
Source
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Yes, it does make sense to be because there is a lot of money on the line. The people who sold the options don't want to pay out. If BTC is below 29k, then they don't have to sell BTC to the option buyers. So you can think of it as some big guys making some money on an insurance policy.
Posted Using LeoFinance Beta
Ok, so that's it. I actually find it difficult to understand how can they profit by keeping the price low? 😆
If BTC > $29k, then option sellers will have to sell BTC at 29k. If they don't have BTC, it means they must buy BTC at the current price.
If BTC < 29k, option sellers don't have to do anything and option buyers won't exercise the option because they can buy BTC for cheaper off the market.
Posted Using LeoFinance Beta
Interesting how options work.
Options are basically insurance. I pay someone some money to get the right to buy X at a price of Y. If the price of X is less than Y then there is no point in exercising your right.
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Are retail traders really this powerful, and are you one of those who bought the dip?
Source
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I don't think they are that powerful and it's more likely to be whales manipulating the price
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But when it comes to press releases, they make retail traders appear more powerful than they really are.
I don't trust the mainstream media that much and I think they consider the whales as retail traders if they aren't a hedge fund.
Posted Using LeoFinance Beta
Yes, even in traditional finance, they cannot be trusted. I suspect they make big news when someone big wants to get out and bad news when the big guys wanted to buy. That's just my observation in the Philippine stock market after eight years of trading. I wonder if such a tactic is carried through into the crypto space.
Speaking of fake news?
Source
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It's the norm for politicians. I doubt anyone is really surprised that this is happening as they do that a lot for the policies they enact.
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And then if you tell the truth, you are now the propagator of fake news. What a world we live in!
Exactly, that is what is wrong with the world we currently live in.
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And that's what Web 3.0 becomes more attractive to those who are fed up with the existing system.
I want btc will grow up more because I brought some BTC with the hope of profit in the future and when it will be 60k then I may expect double profit from it.
You may have to wait years but I believe BTC will definitely make it to new highs and we can't really control the short-term prices.
Posted Using LeoFinance Beta
PIZZA Holders sent $PIZZA tips in this post's comments:
rzc24-nftbbg tipped ifarmgirl (x2)
@rzc24-nftbbg(2/5) tipped @taskmaster4450le (x1)
Learn more at https://hive.pizza.
It's a day. Glad all of us made it here alive. Congratulations.
Posted Using LeoFinance Beta
I just don't get how this bridge works with AFIT, has anyone used it yet, I don't see how you get your HBD back if you sell your AFIT in BSC chain.
https://hive.blog/hive-193552/@actifit/afit-bridge-is-live--quick-tutorial-afit-turning-to-ultimate-scarcity-digifinex-results-in-progress#@actifit/actifit-re-tbnfl4sun-rc3mpa20220519t204009456z
Posted Using LeoFinance Beta
From what I heard, you only get back your HBD if you send AFIT back to the Actifit wallet.
Posted Using LeoFinance Beta
one thing is very clear to me: